Marwyn Value Investors Share Discussion Threads

[hugepants] 03/10/2023 10:55

For Pete's sake

[hugepants] 28/9/2023 14:35

I don't know.
At least they have confirmed the payout of 9.06p will be maintained next year.

Here's the portfolio breakdown at end of August.

32% of the 168p NAV is cash. But that excludes all the extra cash held in the shells.
I note they've written ZEG down to almost zero.

Le Chameau) 25.4%
AdvancedAdvT 14.2%
Marwyn II 10.5%
Marwyn III 10.5%
Palmer Street 6.9%
450 plc 5.5%
MAC Alpha 1.1%
Zegona 0.2%
Cash 32.2%
Other assets / liabilities (6.5)%
Net assets 100.0% = 168p

[tiltonboy] 28/9/2023 07:11

MAC ll p!$$ed £3.5m up the wall already.

When will these buffoons see the light!

[hugepants] 25/9/2023 16:12

They should have their own TV show this lot.

But still reckon too cheap down here.

[tiltonboy] 22/9/2023 11:55

These lot really are a bunch of clowns.

Just use cash to buy back shares, and then hand the rest back to the rightful owners.

Of course they won't do it!

[skyship] 22/9/2023 11:41

Hopefully they will not participate. Just return some of the cash to shareholders.

Now on offer at 84.8p - 49.5% discount and 10.7% yield. Though as Tilts reminds us - the quarterly dividend is really just being paid from capital.

[hugepants] 22/9/2023 10:25

ZEG may have found a target

[hugepants] 12/7/2023 22:20

Yep the MVI team are not the sharpest pencils in the case. And ADVT looks like its turning into a holding company for software companies which wasn't the plan.

[tiltonboy] 12/7/2023 12:57

Good job the clowns at MVI were put straight on UBG!

[hugepants] 08/6/2023 07:54

ADVT acquisition

[makinbuks] 25/5/2023 11:48

I quite like the prospects for Palmer Street. They will need to weather the recession first but once the cycle turns to growth again from 2025 onwards they should be able to scale up rapidly

[toffeeman] 10/5/2023 14:31

No probs, I assumed that was it, ADVFN news was later

[makinbuks] 10/5/2023 12:53

There's rarely value left in a company when a PE fund floats it. Should have been an amber flag at least

[hugepants] 10/5/2023 12:40

Its not a great look is it. It was just a few weeks ago they were banging on about the quality of the UBG management.

Back to the drawing board.

[cwa1] 10/5/2023 10:23

Someone's finally gotten out of bed, had a good stretch, saw this morning's news and scribbled something with their felt pen and released the news to the great unwashed masses...

[skyship] 10/5/2023 10:22

Agreed - OK, use that £10m to instead make a capital repayment of 20p to shareholders.

[tiltonboy] 10/5/2023 08:13

Sorry for not providing the link!

[cwa1] 10/5/2023 08:03

Update re Marwyn proposal, current trading and funding

On 12 April 2023, the Company announced that it was in receipt of a proposal from Marwyn Investment Management LLP ("Marwyn") to provide a £10 million investment via an equity placing at an issue price of 10.5 pence per share (the "Fundraise"). The Company and Marwyn, together with their respective advisers, have spent the subsequent period progressing preparations for the Fundraise.

As referred to in the Company's announcement of 12 April 2023, Marwyn's proposal was put forward on the basis that it was unconditional both as to diligence requirements and as to quantum of additional capital (if any) contributed by existing Unbound shareholders. After carefully considering the merits and conditionality of this proposal against others, the Board elected to expedite the Marwyn proposal.

On 9 May 2023, Marwyn informed the Company that its funding proposal had been withdrawn, citing principally concerns over current trading. As a result, the Board confirms that discussions regarding the Fundraise have been terminated with immediate effect.

[tiltonboy] 10/5/2023 07:52

Absolutely clueless...but at least they recognised they were chumps to contemplate it.

As always, give the money back to shareholders, and stop embarrassing yourselves!

[tiltonboy] 28/4/2023 14:52

As I have said before the so-called dividend is merely a return of YOUR own capital.

Ask yourself when they last made a successful investment. They've made a few duffs subsequently.

I just don't think they are capable. I remain a holder purely on the basis they will see sense and return the funds to the rightful owners

[toffeeman] 28/4/2023 09:14

tiltonboy is not an untrustworthy charlatan lol

[value hound] 28/4/2023 07:30

So a 48% discount, 9.85% yield at 92pps, 80pps in cash and a lot of optimism about investments on the one hand - versus untrustworthy charlatans running it (ref tiltonboy) on the other.